The key updates in the January edition include:
- HKMA Launched the Enhanced Competency Framework on Operational Risk Management
- HKMA Consultation Conclusion on Rules on Contractual Stays on Termination Rights in Financial Contracts for AIs
- SFC Concludes Consultation on Customer Due Diligence Requirements for Open-ended Fund Companies and Issues a Circular on Anti-bribery Guidance
- SFC Consultation Paper on Proposed Amendments to the Code on Pooled Retirement Funds
- IA Consultation conclusions on the Insurance (Special Purpose Business) Rules and on the Insurance (Group Capital) Rules
- Other Regulatory Updates
We have summarised the details of these key updates in this newsletter.